Which stocks are most correlated with CNXC?

Based on one year of daily returns, the stocks most correlated with Concentrix Corporation Common Stock (CNXC) are KFY (0.55), IPAY (0.54) and ADP (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CNXC?

Over the past year, the stocks most inversely correlated with Concentrix Corporation Common Stock (CNXC) are DWSH (-0.52), HDGE (-0.51) and FLYD (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Concentrix Corporation Common Stock (CNXC) — Stock Correlations & Overview

Over the past year, CNXC has moved most closely with KFY, IPAY, ADP. Explore the stocks most correlated and inversely correlated with CNXC below, along with its price, financials, and company profile.

Stocks correlated with CNXC

Correlation of daily returns. Higher positive values move with CNXC; negative values move opposite it. Informational only, not investment advice.

Most correlated with CNXC

Symbol	Company	Correlation
KFY	Korn FerrySERVICES-EMPLOYMENT AGENCIES	0.55
IPAY	Amplify Digital Payments ETF	0.54
ADP	Automatic Data ProcessingSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.52
MILN	Global X Funds Global X Millennial Consumer ETF	0.52
DXC	DXC Technology CompanySERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.52

Most inversely correlated with CNXC

Symbol	Company	Correlation
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.52
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.51
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.40
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.39
SEF	ProShares Short Financials	-0.37

Frequently asked questions about CNXC correlations

Which stocks are most correlated with CNXC?: Based on one year of daily returns, the stocks most correlated with Concentrix Corporation Common Stock (CNXC) are KFY (0.55), IPAY (0.54) and ADP (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CNXC?: Over the past year, the stocks most inversely correlated with Concentrix Corporation Common Stock (CNXC) are DWSH (-0.52), HDGE (-0.51) and FLYD (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CNXC correlations calculated?: We compute the correlation of daily returns between CNXC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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